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⚡️ XRP AND THE MAJOR MOVES! ⚡️⚡️ Hi, I have no time so I'm just keeping this short. Been absolutely burnt out with work, I barely have time for myself as it is with everything going on, but I'll at least get this idea out and respond to some comments later when I get more time. ⚡️ I did try to post an idea on the 7th however for whatever reason trading view didn't let me but I have attached the chart I had for that below. ⚡️ And here's with the title ⚡️ XRP did have that ascending channel and that was what I wanted to point out in the idea I wasn't able to get out, wanted to warn about that but now we can see the result after having lost that ascending channel which ended up pulling us down to just about where the channel itself started with us even getting that major pull down, longs squeeze. No doubt some whale or institution sold to knock out those longs. ⚡️ Above 0.479 XRP's managed to keep some grip though that in itself is a bit understated no doubt, I'd like to see more action first above 0.479 since this is the first time we're here since just about a month ago basically. Definitely set some alerts for 0.4973 in case we revisit below that though I doubt we'll see another fall quite as dramatic as the one on the 9th. ⚡️ Most of this was just a perfect set of events for the fall with the SBF trial ongoing throwing some shade at crypto and no doubt dimming public opinions and sentiment thus shaking up the market more at a time when Bitcoin was looking at possibly breaking some local levels which promptly ended up dumping Bitcoin below that $27,000 mark and sending the rest of the market down with it including XRP of course. ⚡️ So it's not just XRP that's taken the hit, the market as a whole has and in our case we had the two catalyst with the first being the loss of that 200 EMA on the hourly, 4 hour which was then confirmed once we lost and exited the Ascending channel failing to stick above 0.52 and getting dumped on. ⚡️ I'm not stressing crazy right now, we have seen this before but still always find it funny how the perfect storm seems to brew every time for crypto, we'll have good news and sentiment raise us up and help form good movement, and then we'll have weeks like this which do the exact opposite, for example we have the SBF FTX trial ongoing and we even had Jim Cramer yesterday commenting and issuing a 'major Bitcoin price warning' with him even being quoted: "A lot of the people who watch us are searching for ways not to lose money but to make money. I can't go out with gold cause gold is not good. I can't go out with Bitcoin because...Mr. Bitcoin is about to go down big". Definitely doesn't help us. ⚡️ To me just seems like a narrative, the whales pump up the news and sentiment buying in, then when they decide to sell they put out FUD like the jim cramer which in turn ends up helping send prices down, of course before this happens they make sure to take their profits and sell at the high before buying down at the lowest points and buying back in for a cheap price. They sell high and buy low. ⚡️ I have to go but all the best till next. Bye ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥 XRP'S WILD WEEK 🔥🔥 Before I start I just wanted to apologize, know it's been a few days and all since the last post, just been busy with work and some life things but that being said I'm happy to be back of course, even if it's just for a quick idea! 🔥 Got some pretty good feedback with my last short idea so we'll keep this idea short and simple too. To start off we've got the SEC decision with SEC losing it's motion to appeal Ripple's decision which only helped to boost XRP's argument and in turn caused the sudden rise up in XRP's price as displayed up above. 🔥 Not too shocking to see XRP's reversal after the sudden impulse wave up, we already know as I pointed out in my last idea how after these big jumps up we'll usually have some retracement or reverse trends pretty quick after with a lot of people taking profits or selling for other reasons of course. What I'm looking towards now is whether or not XRP sticks above 0.516. 051 has managed to keep pretty solid with XRP seeming to have much less selling pressure than before indicating that a lot more people are 'sticking along for the ride' so to say. 🔥 Main thing is that volume is still doing pretty well for XRP being that traders are still actively trading XRP through the exchanges showing there's demand and so far looks like we aren't doing to bad with what's been a slow retracement aside from losing the 200 EMA a few times but that's reasonable given the nature of the initial jump up. 🔥 I did add what seems to be a diagonal resistance line that's been acting as resistance and preventing us from posting/claiming higher digits. I expect it to act as a catalyst more than likely on the local for a breakout or act as a resistance as long as we remain below it. All I'm watching for right now but regardless it's nice to see that the SEC lost it's motion to appeal, that's a big win in my books either way. 🔥 Market's still wary understandably, especially with 30 year mortgage rates hitting 7.88% which is crazy considering we haven't seen numbers like this since 2000. I mean can you believe that, it's been nearly 23 since we last saw these rates, crazy to consider everything that's going on with the US alone adding over half of Bitcoin's market cap to it's national debt this week. beincrypto.com 🔥 Not mentioning those things to incite any fearmongering but rather the reminder that we're going through a lot right now collectively but at one point or another things will have to subside and the market will have to do it's thing. A lot of things are changing and with a Bitcoin ETF on the horizon in the next few months and people becoming a lot more knowledgeable about crypto and becoming tech savvy things are changing, may not be quick but each and every day we grow and get closer to a future in which crypto will come to play a role in our lives. 🔥 That's enough for today, I have a lot more things to to so I'm leaving the idea there for now, but I appreciate you guys tuning in of course, means a lot as always and wishing nothing but the best till next, feel free to leave any likes or follows as usual, simply helps me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
☄️ XRP CRAZYJUMP! ☄️☄️ Thanks for tuning in as always ladies and gentlemen, this will be short yet concise! ☄️ In yesterday's idea I made the target for us to break 0.5146 and possibly the next level above but it seems like the market had other plans sending us up even further to 0.545 before ultimately reversing. But why? ☄️ There's no news or new developments so this is most likely the result of a short squeeze, that and the fact that volume entered in so quickly goes to show that some whale or institution started a short squeeze which cumulatively knocked out around $2.62 million in shorts bets bringing the total to $3.63 million in the last 24 hours amounting to one of the biggest short liquidations since September began. ☄️ As those short positions get sold and liquidated it helps cause an upside move alongside regular traders or people jumping in upon seeing the spike and taking the chance. That and the fact that the Ripple Party in New York is going down today and there could be some expectations regarding announcements at the party or simply hype. ☄️ This alongside the fact that we are entering into October now, I've told you guys multiple times already this month was just a bad month generally for the market and that we we're looking more towards the next few months and I mean wow, to see a move like this on what's basically the last day of the month excluding tomorrow is wild, not too unexpected but still nice to see in the least. ☄️ Again there's no reason for the spike thus it's likely just a short squeeze and possibly some traders entering in anticipating the slow shift and sentiment change as we exit what is a brutal month historically. ☄️ Said this idea would be short and that's that, If you've been with me this long then chances are you're already holding so you're fine but if you're looking to enter XRP I'd take some caution right now, especially after a big and sudden impulse wave up. We already know and have SEEN just how things commonly tend to go after these big jumps with things usually reversing a bit at least as both bulls and bears get hesitant as nobody's too sure what the next move will be. Below is the 5 minute chart: ☄️ Judging off the 5 minute chart alone can see that we've got the resistance at our 0.53 horizontal level now and unless we we're to break that things look more like we're still set to retrace some more unless we can keep above 0.526 which we've only tested twice so far. ☄️ Either way this is just one of those points to keep an eye and set some alert's if you'd like but again we're looking forward to the future, not the next hour or two. Thanks to those of you that continue to join me on this journey and keep steadfast with me. Appreciate you guys and hope you guys are doing well, thanks for being here, honestly. ☄️ I know I know, short idea, so that's it for today, thanks for stopping by as always, it's been a pleasure and till next, feel free to leave a like and follow, and most importantly, have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
☀️ XRP QUICK AFTERNOON TA ☀️☀️ It's been a busy week and I don't have much time right now for this idea so I'm keeping things short but it also doesn't seem like you guys mind the short idea's either, some get more likes and some get less so it varies I suppose but regardless thanks for stopping by. ☀️ It's basically been a bit of a tedious week with us even getting close to retesting that 0.492 it's clear that neither side has really gained control between buyers or sellers which has put us in this uncertain position. ☀️ That being said as of currently and most recently we can see how buyers did manage to pull XRP above that pivot point of 0.50 to where we're at now managing to avoid logging any more losses or slides down. That being said though it's obvious some whales or big entity wanted to sink us by the volume alone, selling volume was huge and that tells me some big bears made a shot but in the least to say, they failed. Especially ones buyers entered and sent us reeling back up. ☀️ What matters right now is that we did end up regaining that 200 EMA and climbed back above 0.50 ultimately. It's not just XRP either. Bitcoin itself is up a whopping $800 today so it's more of a general market boost day, even the general stock market heat map is logging a lot of green for the day so it's just one of those days and oh boy did buyers take advantage. ☀️ I have to go but what matters is whether or not we can keep above 0.50 and hopefully break this resistance at 0.51 which is our next target to break. Support point is 0.50 and current target is to break past 0.51 by which then we'll have to hold there and tackle the next opponent at 0.515. ☀️ I have to go but wanted to get at least something quick out for you guys, sorry it's just been a very busy week but thanks for stopping by of course and feel free to leave any likes or follow, just doing what I can. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
10
🧊 XRP EXITS THE CHANNEL FOLLOW UP 🧊 🧊 Been a busy weekend with work but we're off now so thought I'd share a short and simple idea, chart speaks for itself overall for the most part. And thanks for tuning in of course for a quick bit. 🧊 XRP has exited from that channel as we wrote about in the previous idea, since then we did indeed end up losing that 200 EMA and that sent us down to the horizontal level of 0.492 before rebounding and finding support above 0.50 right now though whether or not that'll hold will have to be seen of course. Especially since this is the first time we've crossed back above 0.50 since the fall. 🧊 I'd set an alert for 0.50 just to keep an eye since it's a pivot point alongside the matter of that 200 EMA and whether or not we can actually regain it or if we'll fail to and likely slide back down and possibly more depending on how 0.492 does if we retest. 🧊 As usual, the horizontal levels are not new at all, if you know me you know these are pretty old levels and they seem to do the job pretty consistently at keeping tabs on XRP's price action, so if you haven't already, definitely would consider adding some to your charts. I'd like to say my work speaks for itself hopefully, especially the charts, I simply do my best here but I'm grateful to those of you that continue to be here, thank you. 🧊 We're just at a pretty sporadic point right now basically but most of this mainly falls upon Bitcoin and regular retracement as I'd pointed out would likely happen in my XRP's ASCENT idea a few days ago for anyone who'd like to read up on that too which is linked below. 🧊 Just using the ice today as a bit of a chill indicator, been a chilly feeling down here at that 0.50 point basically but just another day is all to us. I have to go but thanks for tuning in of course, appreciate it and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💥 XRP EXITS THE CHANNEL! 💥💥 Real quick idea today, got some more overtime I'm doing so gotta run but this will be quick. 💥 Can see how XRP has slipped and fallen out of our ascending channel and on our 15 minute chart we can see the impact our horizontal levels continue to play out on trading from that support at 0.50 getting tested before we pulled back up to our 0.514 level on the 15 minute chart which I've linked below: 💥 I said this idea would be quick and it is, watch for that 200 EMA on the 15 minute to see whether or not we regain it but if we fail to then look to that 30 and 45 minute timeframe and keep an eye on the 200. If we lose the 200 EMA on either of those timeframes it'll likely start off a real sell-off, we just barely managed to lose the 200 earlier with that close flyby at 0.50 so bears are definitely taking advantage, especially as we've exited the ascending channel. 💥 Regardless I'm not fretting, whatever happens happens, still just focused on the long term but in the least to see a recovery like this has been real nice to see, even if we we're to fall back, we'll simply climb our way back up as we continue to do. I've got to go but have a great day and all the best till next, have to go work another job! Appreciate you guys and feel free to leave any likes or follows as always, simply helps. Till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
💥 XRP EARLY TA, CONFIRMATION 💥💥 I only have a few minutes, have to run and catch the train for some overtime I'm doing today but thanks for stopping by. 💥 With all due respect, I'd like to say I think my chart speaks for itself for the most part, only thing I've done is extend my ascending channel. In yesterday's idea we focused on the idea that we'd likely get a retracement or some form, especially if we reentered that ascending channel and it did just that even acting as a support as funny as it looks now to see. 💥 Again I don't have much time at all, but the chart speaks for itself. Just as the ascending channel has acted as a support now another possibility is if we lose it or were to slip out and below it expect some possibly sell-off or big sales granted the technical idea of things for some traders will be to exit for one reason or another but just something to note and add these markers to your own charts if you'd like. 💥Sorry I can't share much but I really have to go, thanks and have a great one. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4
🔥 XRP'S ASCENT 🔥🔥 Thanks for joining me quickly! Gonna be a quick and hot idea here! 🔥 Following up from my last idea we can see how that ascending channel has continued to help XRP in it's push up funny enough. Our channel even acted as a support on the 20th when XRP buying pressure was enough to stop us from reentering that ascending channel and in turn propelled us back up to 0.52 where we're at right now. 🔥 All that is good and all of course but I did want to focus on the fact that we seem to be getting to that point of overextending away from our 200 EMA. For those of you that know me, you know that when we extend and pull away from our 200 EMA it's more often then not that we'll get a pull down by which then we'll eventually meet up with that 200 EMA again. 🔥 We did hit 0.525 but it wasn't exactly natural as we can see it was thanks to some buy entries that sent us up to that point so I'm more firm on 0.514-0.515 possibly being that pivot point. Especially as it'll now meet up with our ascending channel thus it'll either help form a support point or start off a reversal. 🔥 We've had this great rise up thankfully but I'd like to see some healthy retracement soon, after all, we know the higher we go up without some retracement here and there, the harder we can fall. There's no exact science to it other than traders like to see things occur naturally, anything other than natural and you likely won't get a natural result basically. 🔥 Keep an eye on that ascending channel, I'm expecting that we'll likely get some retracement or start off a reversal soon, especially if we come back down and reenter the ascending channel. It's helped act as good support on our way up but it can also act as a pullback now that we've had some action above and outside the channel. 🔥 So even while we're outside the channel it's had an effect on us, so imagine what happens if we reenter it now. If we reenter the channel which will most likely happen then look to the bottom diagonal line of the channel for support, we slip below that and we'll probably lose the 200 EMA and be in for a ride but again that wouldn't be unexpected, we've made it this far after all anyway. Least we know we CAN make gains and some good headwind unlike some other crypto's that are still getting smacked and barely recovering. 🔥 What I'm focused on here is the fact that XRP's recovery has been real good and it's done a good job at that versus a lot of other coins in the market. That being said we're looking at what's likely gonna be the start of a reversal or not if we're lucky but from what past experience, that's my best guess right now. Especially with Bitcoin looking like this: 🔥 Even with XRP doing it's thing if Bitcoin can't break $27,500 which in itself was already crazy enough to hit then some traders will likely start pulling profits or selling out of fear, other factors. We get that and we'll likely lose the 200 EMA soon for Bitcoin which in turn will drag a lot of the market down so want to point that out for you guys. 🔥 I'm chilling as usual though, even for September being the month it is historically, to see a push like this the past week as we wedge closer to October has been nice and good, mainly for the fact that we see there's still confidence in the crypto market even with everything that's happened the past few weeks. And that's what I've focused on. Long term as always we're still just sitting back and letting the waves go about. What happens happens, we're just focused on the future, not the next minute or two. 🔥 Have to go do some stuff as usual, life's pretty busy as usual but I'm happy to share something quick at least, so thanks for joining and hope everything's going well, appreciate you guys joining me for a bit as always, keep well and leave any likes or follows if you want, simply helps me out. All the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
⚡ XRP ASCENDING CHANNEL ⚡⚡ Thanks for tuning in, I'm just gonna keep this one short. ⚡ Following up from yesterday's idea XRP did fall below our 0.492 horizontal level but managed to pull up and reenter that ascending channel also regaining the 200 EMA in the process which saw us establish a higher high at 0.505 and break that 0.49 resistance before pulling back ultimately with that pressure from the top of the channel pushing down on us understandably. ⚡ We'll have to see what happens here at 0.49, whether or not we can sustain that price above 0.49 or not but that's gonna be up to the market now, we did get this good push back up after that 0.492 point but volume shows that it was in large part thanks to a large whale or entity entering so the hike up wasn't too natural but could also just be a whale's attempt to help XRP's price rebound. ⚡ I'm simply gonna be watching my horizontal levels and that ascending channel for the most part as that's about the main thing right now unless we lose the 200 EMA by which the levels is what will matter most by that point. ⚡ Said I'd keep this short and I don't think everyone like reading through these too much so that's it for today but thanks for joining as always and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
⚡ XRP REAL QUICK TA! ⚡⚡ Real quick idea today since I've got to go to work soon. Following up from yesterday's idea in which we made a couple important points including that resistance at 0.50 with us more likely looking at some strong resistance and a possible reversal, we can see just how that's played out with XRP falling pretty hard on the local as we reentered back into the ascending channel we added a couple days ago to our main chart. ⚡ Can see how we've fallen even further down as we have already exited down and out below the ascending channel with us not at this support level of 0.49160 by which we'll see whether or not XRP does hold it's ground or if things continue to fall as Bitcoin's led the downward move for the market being that it failed to establish and form a high high for the week after the push up we've had thus some traders are likely taking profit and whales exiting to enter in at what they feel or may possibly perceive as a better entry in the short term as we lose that 200 EMA. ⚡ The main point here is that we reentered the ascending channel which I said to watch out for in yesterday's idea as it'd have an effect and it definitely has, on top of that we've lost our 200 EMA and well, you already know, just means some more volatility till we regain the 200. We could slip and fall further if we lose this current horizontal level but if we can manage to hold support and reenter that ascending channel that should help us at least a bit. ⚡ That aside again we're in September and with the Fed possibly expecting to increase rate hike's some more it's absolutely got the market feeling timid and shy with some taking profits or exiting. Just seems like it's been a perfect storm scenario this month alongside September as it is generally whenever we get to this month every year. It's just a rough month so as to why I'm not minding what's going on right now too much, everyone's going off emotion overall and ignoring and fundamentals or true use-cases and utilities. ⚡ That being said I wouldn't fret too much, just remember we're in a rough month historically but at one point or another we'll be out of it, and if we're looking months ahead, things aren't too bad. We can also possibly contribute the resistance in Bitcoin and crypto's as FTX possibly selling some crypto already though there's no confirmation on that but it's a possibility as we already know they will have to sell some to repay creditors so just focus on yourself and your life right now. The market will do it's thing but don't let that stress you. ⚡ I have to run and I said this idea would be short so I'm simply leaving it at that but thanks for joining me for a short bit as always, really appreciate it and feel free to leave any likes or follows, simply helps and all the best! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥 XRP RISES & IMPORTANT POINTS 🔥🔥 Won't take too long her, just gonna keep things short as simple, and thanks for joining as always. Appreciate it. 🔥 XRP's managed to do pretty well with this rise up and keeping above our ascending channel that we added in the previous idea, can see that in one instance we did enter the channel and nearly lost our 200 EMA but support kicked in pretty well with that rebound shooting us up in a pretty good manner. 🔥 On the local though I see this 0.49-0.50 point as a resistance that'll probably have us see more of a move down first than up more unless we can really get a push here. We already know how exhausted the market seems to get when at these points of sideways trading but we've also got the psychological aspect. 🔥 For traders the chances look more likely then not on the local that we'll retrace and possibly reenter the ascending channel as it has pulled up to us so that'll be another downward force on us if we enter. Personally hoping that doesn't happen but knowing how past price action has done us it's definitely not out of the picture by any means. That and we've yet to form a higher high since the 15th so that's something to note too. 🔥 So there's that as well as the psychological aspect of seeing XRP where it's at right now, 0.50 tends to be a pretty crazy point in the chart as far as the past has shown us. In some cases it has rejected us pretty bad igniting reversals but in some it's also kicked off rather big jumps when broken. There isn't much volume going on though however currently and seems like the market's much more hesitant to enter and like I mentioned previously things currently looks more like the first option right now. 🔥 If we retrace look to 0.49 and 0. 492 for that support but keep in mind the ascending channel to and the effect it'll have with 0.50 as the main resistance right now. I personally see the market as being exhausted for the day following the quite frankly really good and natural climb up we've had this week. It wasn't some quick or fast impulsive rise, it was slow and a very natural rise in terms of technicality of course so happy to see that. 🔥 I'm going to work early today so have to go now but I wish you all the best, and thanks for joining me for a few minutes of your day, really appreciate it and to anyone who'd like, feel free to leave a like or follow, really helps me out, thanks and keep well as always. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4
🔥 XRP QUICK MORNING TA . FTX SALES 🔥🔥 I'm just gonna keep this idea quick, but thanks for joining me for a bit as always ladies and gentlemen. 🔥 Don't want to keep this long so we'll just look at the facts right now. TA wise we've got this ascending channel that I've marked out now pointing out the support and resistance though we've still got that consolidation channel between 0.479 and 0.486. 🔥 We did get a breakout above 0.486 with Bitcoin leading the way up, we've then got the confirmation from the judge for FTX to start selling it's assets with a limit of $50 million for crypto's and will be allowed to sell $100 million worth per week. Good to keep in mind since we may see some sudden drops or falls soon granted they have XRP on their balance sheets as well amounting to $199 million in XRP alone though that's not too bad, could be worse like the $1.16 billion in SOl or the $560 million in BTC they have so we've got the good end of the stick for the most part and they'll likely be selling in bits rather then all at once but good to keep in mind. 🔥 The judge authorizing the sales as well is good for XRP and SOL being that any sales must be legal as well as free from the registration requirements of the SEC. Such a decision by none other than a Federal Judge has to mean that the crypto's are non securities, doesn't 100% mean they are by the books yet but for the case at least it does yeah. 🔥 I'll be watching my top black diagonal line for resistance, we'll likely have some trouble breaking that but I don't mind too much, just happy to see us pull back up away from 0.46 after that overextension away from our 200 EMA with us regaining it and managing to keep it so far. 🔥 I did set an alert at 0.4857 for that horizontal level since that's been our main resistance on the local the past few days so I'll try to keep tuned on that best I can. I have to go but thanks to the few of you guys that actually tune in and especially for the likes and follows, really means a lot as always, thanks and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
⚡ XRP CONSOLIDATION ⚡⚡ Don't have long so I'm just keeping this short but as always thanks for tuning in. ⚡ I've added two small black arrows to highlight the up and down pressure for this current consolidation channel as we have XRP sticking above that 0.479-0.480 support though we can't seem to quite break that 0.486 resistance and 0.485 seems to be the local resistance. ⚡ Hoping we can keep that support above 0.479 in the least for now and potentially regain that 200 EMA by which we could look at some good waves back up granted we break the now resistance levels above us. ⚡ Market wise is a bit mixed as the August core inflation pointed to core inflation having risen by 0.3% being hotter than anticipated with that exluding food and energy so we're not quite in the clear yet with inflation but market hasn't taken the news too badly with heat map overall looking pretty neutral today with most of the top dogs ranging from MSFT to AMZN and TSLA posting some positive gains. ⚡ I have to run but wanted to get something out quick, again we already know we're in this grey month with the market overall for September, just part of things as they are right now. I have to go but have a good one as always, and thanks for tuning in with me for a bit. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
💥 Crypto's short squeeze 💥💥 This won't take long, thanks for joining ladies and gentlemen, I'll keep this one short. 💥 XRP's fallen alongside the general market as Bitcoin led the fall tumbling below $26,000 following a short squeeze after the news was revealed that FTX the bankrupt crypto exchange holds over $3.4 billion in crypto assets including $1.1 billion in Solana and $560 million in Bitcoin. This as FTX will be appearing in court in a few days on September 13th to seek approval to sell crypto assets in order to repay creditors. 💥 Understandable how that can make a big impact on things, especially considering the fact that any crypto FTX holds will have to be sold at one point or another to repay it's creditors. In turn that created a lot of fears and killed the market sentiment. The ETF possibility has been helping us keep stable but with no developments on that lately it's been easier for traders to focus on the negative points like the soon to be liquidations of FTX's crypto holdings. 💥 So don't think this is just consolidated to XRP, no, it's the general market as a whole that's been hit and we're just following the flow right now down as we will when things go back up, we already know September is a bad month so this shouldn't be too frightful. Yes it's never great to see a drop but we know what caused it and just like the news sent us down, the next positive news will send us up, just how the market's been rolling the past few months taking any news as huge news and flowing with it. 💥 I expect us to recover in prices next month with this month just being that gray and dim month for crypto and the general market as it is but that definitely hasn't stopped whales from taking some cheap buying opportunities as shown below: 💥 So while most the market lingers in fear, the smart money doesn't care, they just buy in and hold, someone saw a discount and took it, granted we've still got that important pivot point at $26,000 the buy in's we're strong enough to send us back up and to that $26,300 resistance which still continues to haunt us though again we're just at the mercy of the news right now without any positive developments lately for bitcoin. 💥 I have to go but again just keep in mind we're in a rough month but we're not alone, the whole market is feeling the impact ranging from crypto and alt-coins to the stock market itself. Just be patient and don't let news or emotions sway you. I'll link the two articles below for you guys to check out as well. I've got to go but have a good day and feel free to leave any likes or follows. Thanks ~ Rock ' cryptobriefing.com www.coindesk.com
BITSTAMP:XRPUSD
by Rocksorgate
⚡️ XRP ENDING THE WEDGE ⚡️⚡️ Not going to make this idea too long, just going to keep it short and simple. But thanks as always for joining ladies and gentlemen. ⚡️XRP's coming up on the end of this wedge which has basically kept on dragging/holding us down. Can see how even with the most recent drop we found support once again at 0.495 and we still find that diagonal resistance striking us down. ⚡️ This after having lost the 200 EMA once again though that's not too wild, we did fail to establish a higher high and with volume being low bears have it much easier selling on the market sending things down with Bitcoin having led the way back down below $25,800 as shown below. ⚡️ Market's still in this gray area with a lot of uncertainty still going around, not to mention we are in september. September for those that don't know is basically the worst month of the year historically, for whatever reason or another this 'September effect' hits the market every year and we see the broad market and crypto decline. It's just a part of the cycles and human psyche. After all if you know that every September the market tends to go down, what are the chances you'll enter or want to trade during that. Not very likely for most traders. ⚡️ It's usually after September though that the market likes to recover and it does rather quick in some instances but overall we're just in a bad month is about it in my opinion, again it's not just crypto but the market as a whole is down a lot this month dragging down most stocks. So please keep that in mind. ⚡️ I have to go but for the wedge that's coming to a close it can mean one or two things, we either breakout from the wedge and get a good push up by which we'll have to face that 0.50 resistance or we'll fall and break below the wedge and that 0.495 to retest 0.492 and possibly fall further if we fail to hold there. ⚡️ Regardless we know that the wedge has done a good job of keeping price down and contained so if we can get pass that, then it can hopefully do the opposite and help send us up. But we'll just have to see for that, feel free to add some markings and set some alerts at 0.495 or 0.492 and so on if you'd like. ⚡️ I have to go but thanks for tuning in as always, and if you'd like to leave a like or follow, it'd help me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⭐️ SBI Financial Giant/ XRP NEWS! ⭐️ ⭐️ Today's idea we'll dive in quick on a new development in XRP's path to success and global utility as Japanese Giant SBI has announced a rather significant expansion on it's partnership with Ripple and SBI Ripple Asia. ⭐️ SBI is SBI Japan or otherwise referred to as SBI Holdings, Strategic Business Innovator Group. It's a financial services company group which is based in tokyo, Japan and serves as a primary holding company for various businesses and subsidiaries with current assets under management at about $165.5 Billion. It's kind alike a conglomerate being that it's a multi-industry company though the various companies operate under one corporate group umbrella at the end of the day. ⭐️ Anyway SBI which is already a major player in the international money transfer service sector announced an 'expansion' of it's partnership alongside Ripple and SBI Ripple Asia which will see the introduction of international remittance services for the Philippines, Vietnam, and Indonesia which will be able to utilize the crypto XRP as a bridge currency to bank accounts in those countries. ⭐️ Here's a quote below from SBI: “SBI Remit has been using Ripple Payments provided by Ripple for its international remittance services since 2017,” the official press release stated. “By introducing a solution using crypto assets in Ripple Payments, we became the first in Japan to provide an international remittance service that utilizes the crypto asset XRP as a bridge currency between two legal currencies.” ⭐️ I mean wow even in 2017 Ripple was making waves and has been in use for real payments and transactions. Just goes to show how low key but effectively ripple has continued to grow and expand their footprint in the global system slow incorporating themselves more and more with every new development and partnership. ⭐️ And as the article reveals in one explanation, here's the scheme; "The newly unveiled scheme is designed to streamline the international remittance process. “In the scheme constructed this time, SBI Remit sends a customer’s remittance request, and SBI VC Trade sends XRP in real time in response to the request,” the official press release detailed. This dynamic approach is made possible through a strategic alliance with Tranglo Pte. Ltd., a long-term RIpple partner, ensuring that customers receive remittances in their local legal currency." ⭐️ “By using XRP as a bridge currency, you can send money quickly and at low cost,” SBI emphasized in their statement. “Furthermore, it has excellent scalability, allowing users to easily send money to Ripple’s partners around the world, and we believe this will lead to stronger competitiveness in the international remittance business.” ⭐️ It's then explanted that the main reason for targeting these countries was thanks to their significant role and share of remittances directed to bank accounts which made the countries prime choices for XRP adoption which would help make remittances quicker as well as help introduce crypto and accelerate it's adoption in these nations and countries which is great. ⭐️ I'm leaving the idea here and I'll link the link to the article below as well as a link to the announcement from the official SBI page though it is in Japanese so the article may be better to refer to but nonetheless this is great news. Just goes to show that XRP continues to make waves even if we may not notice it. Bit by bit they are working on something big and one day it's all going to come to light, but till then, they continue building. ⭐️I have to go but technical wise we've still managed to hold above 0.50 even after falling back down once again following yesterday's rise so I'm happy with that but definitely looks like we're having quite a battle here on whether or not we will regain that 200 EMA. I'm still keeping my alert for 0.50 and 0.496 but one way or another, price action means nothing to Ripple as they continue expanding. We're over here stressing and going all technical on a couple cents but ultimately, what matters is the utility, not the chart. ⭐️Sure the chart does help and do a lot but ultimately when the time happens and it will, then people will start looking at crypto with real use cases and utility and I have yet to see another crypto forming as many developments and partnerships as Ripple has. They've been in this game since 2012 and alone have over 1,032 employees. That's nothing to scoff at and I can't even imagine the things that are happening behind the scenes. I haven't done this in a while but I'm giving this idea a bullish. I don't like to set bearish or bullish strategies but at the end of the day, XRP's got a bright future. And nobody can deny that. ⭐️ May go do some overtime today and work on other things so I'll have to go now, but I appreciate you guys joining me as always, I enjoy writing up these ideas for you guys and I hope you enjoy reading them too, if you'd like to leave a like or follow it'd really help me out, I simply do my best, and I hope you will too for yourselves as always. Take care. ~ Rock ' links: www.sbigroup.co.jp bitcoinist.com
BITSTAMP:XRPUSDLong
by Rocksorgate
2
🏊 XRP STILL SWIMMING 🏊🏊 XRP is still swimming, what more can I say. Thanks for joining ladies and gentlemen, appreciate it. This won't be long. 🏊 Pretty good stuff going on today as XRP's getting what looks like some big buy ins, that with Bitcoin leading the way being at $26,346 now up $600 the past 24 hours alone signaling another buy in from whales, entry. 🏊 There's no news specifically that would point to why Bitcoin or XRP are doing what they are but it's possibly with the anticipation of a Bitcoin ETF coming out soon within the next few months if not sooner. 🏊 Crypto and the general market continue to face macro headwinds keeping prices down but that isn't stopping the crypto's from being used and actively traded. For example, XRP alone last month in August made significant headwinds with regards to daily volume with XRP as a report by Kaiko revealed that even with the pullback XRP's received since it's quick jump to $1. 🏊 XRP's trade volume was $462 million last month which alone was higher by 4x then the next largest altcoins by trade volume with solana following behind at $128 million respectively, this was validated/calculated by the on-chain market data tracker Kaiko. It may just be volume but it's great to see considering it proves that XRP is still holding that Alt-coin lead, especially thanks to it's utility of being able to send and receive xrp virtually anywhere in the world for payments and remittance's, etc. Attached below is the link to the source: u.today 🏊 Even with the apparent buy in and support, we still have this diagonal resistance to face, I've added the marking today point out the support below and the diagonal line above which has proven to be nothing but resistance keeping us down. That's what we want to break past for a break out and in order to regain the 200 EMA which would help us recover price's though Bitcoin would also have to do the same first for the market and whales to get the confirmations most are likely waiting on. 🏊 In the last we're still above 0.50. We did have two apparent drop downs below but even with that 0.495 holding out and keeping support we managed to pull up above 0.50 and get the move's we're seeing today. Looks mostly like whales or someone big is trying to get us to regain that 200 EMA which is totally reasonable, it's a bullish attempt and hopefully it works out, if not we'll have that 0.50 battle again and we may not get as lucky if we have to meet that 0.495 level again. Hopefully that's not the case but would add the markings to your own charts anyway. 🏊 Leaving the chart there for now, I've set my alerts for 0.50 and 0.495-6. Said this wouldn't be too long and it won't so that's it for today, but thanks for joining me as always even if it's only a few of you guys, I always appreciate it. And feel free to leave any likes or follows. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥 XRP STILL CONSOLIDATING 🔥🔥 Hope everybody enjoyed labor day, you already know though, we're back at it again. Thanks for joining in with me today ladies and gentlemen. 🔥 Don't have too much time today, busy as usual so today's write up is gonna be pretty simple. 🔥 As TA stands right now we're doing alright, we have lost that 200 EMA no doubt but what matters is that we've managed to keep above that 0.50 blue dotted line, proves to show that we do have good support above 0.50 but once you fall below 0.50 it gets a bit tricky no doubt. 🔥 Below 0.50 and we risk falling much like we did on the 1st day of september in the chart but a couple big sell orders did also contribute to that so that is important to note, if we we're to fall again I would be looking to that 0.492 level and 0.486 below for support, below that it'll likely start a sell-off. 🔥 Did get close to 0.515 though after we've failed to establish any higher high's simply forming what slightly resembles a head and shoulders on the chart though that doesn't take into account the 0.50 support bounces we've been getting so we're still in that gray area I've been mentioning. Chances are again we'll just keep trending till some news makes or breaks us. 🔥 If we can manage to regain the 200 and pull up past 0.51 for a third time I will be looking to 0.5145 as well as the bottom of our consolidation channel above to identify whether or not we break that resistance there or get pushed back down. 🔥 Everything considered TA and news wise what matters is that XRP's keeping above 0.49 and 0.50 which has been the main goal. The longer we stay here and avoid falling further the better our chances of pulling up soon get but regardless like I've been saying it'll likely take a news catalyst for things to get triggered like that. We saw how Grayscale impacted the market before a lot of people took profits or sold out their positions pulling us back down to where we're at. So it'll likely take more news and better news to get us moving again but what matters for now is that we're keeping that support. 🔥 I've got to go but wanted to get something out real quick for today in the least, hope you guys are all doing well, and you already know you can leave a like or follow if you'd like, and if not, then just keep well and have a good one. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
💥 XRP CRITICAL POINT FOLLOW UP💥💥 Quick and short idea for you guys today, so thanks for joining me real quick ladies and gentlemen. 💥 Just a quick follow up from yesterday's idea in which we honed in on the fact that XRP was indeed at a critical point on the 2 hour timeframe being that we we're at a rather important juncture/point of support which did and has ended up proving true as we look at our current chart. Below is the 15 minute chart: 💥 Based off the chart above we can note how we did indeed regain that 200 EMA on the 15 minute shortly after making waves above our dotted blue horizontal level of 0.50. We did lose it ounce but after bouncing from that 0.50 again we regained the 200 and got a nice boost up to 0.51 before retracing a bit to where we're at right now. 💥0.506 is going to prove to be another resistance for us, especially being the last time we we're down here it took a break above 0.506 before we got that big move up and it'll likely take the same this time around is past price action proves right. 💥 In the least I'm looking for us to hold above 0.50 but if we fall we'll be in another tumultuous battle and risk falling further if we lose that 200 EMA so definitely hoping we don't, at least on the 15 minute chart. And if we get the chance to climb further look to the bottom of the consolidation channel to act as resistance and support if we enter it. 💥 That's it for today's idea, I did say it was going to be short and I keep my word. So thanks for tuning in as usual, feel free to add any annotations or markings to your own charts, thanks and always be sure to do your own due diligence! Thanks and feel free to leave any likes or follows, simply helps me keep pushing. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
💥 XRP CRITICAL POINT 💥💥 Thanks for tuning in today ladies and gentlemen, today's idea won't take too long! It's gonna be a quick one, thanks. 💥Here we're looking at XRP on the 2 hour timeframe for a bigger picture point of view and from what we can infer here XRP is at another juncture/ critical point being a point that'll help determine whether or not we move back up or down, either of which may be pretty dramatic. 💥 We're right back at that same support we'd found just a week or two ago being just above that 0.485 mark on the 18th of August, that's where we last found that major support before kicking back up and it's looking about the same right now with the wicks extending towards the bottom signaling more buy pressure there than sell but that doesn't mean we're out of trouble yet as always. 💥 The last time we we're down here we had that fight with 0.50 and it took a solid and clean break above to get that breakout and it'll likely take the same thing right now with us being stuck between 0.492 and 0.50 as traders try to make or break above. 💥 Seems like the market's also just been a lot more wary lately as we see how volume wise we've had a lot more selling recently than buying with buying looking pretty week compared to the last week or two of last month. Traders are definitely waiting for more signals or confirmations before making any trades which is understandable, the market is still in that gray area unsure but in the least it's found support above 0.50 again which can act as another test of support which would be great if we could get that confirmation. 💥 I've got to go but wanted to leave the idea there at that at least with some quick notes for today before I get going, but there's no goal for today, just to stay above 0.47-8 and hopefully break that 0.50 and our next horizontal levels above as always. Again things are being a bit grey right now and it'll likely take some news for things to fire up again as usual but till then, we'll keep doing our best. 💥 Thanks for tuning in as always, you already know, if you'd like to leave a like or follow, share it'd really help me out, but if not that works too, just keep well and do your best! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
💥 XRP Tumble 💥💥 Thank you guys for joining in quick today, hope you ladies and gentlemen are doing alright, this won't take too long. 💥 following up from yesterday's idea we noted how XRP had exited from that descending channel however we failed to keep ahold of that 200 EMA thanks to low support with bears taking the lead as we fell through each horizontal level one by one as you can see, we'd battle sometimes then fall below and then it'd be a fight at that level and so on. The chart speaks for itself. 💥 XRP fell through the levels one by one and with that last loss of the 200 EMA we formed a mountain fall which ended up seeing us reenter the consolidation channel and rather quickly falling out of it by which once we did exit the channel that seemed to be some pretty good sell confirmation for whales and they definitely took that opportunity sending us down real hard on XRP and Bitcoin alike. 💥 XRP did find it's support above 0.50 cents again which is nice but still crazy to see that kind of sell volume though it's understandable, thus we've ended up down where we're at now, Bitcoin itself led the fall quickly falling from $27,100 down to below $26,500. Definitely seems like a planned sell by a quick of whales/institution, just a part of the market sometimes. 💥 All I'm watching for now is that we keep above 0.50 and 0.505 respectively, any lower below that and we risk a big chance of another sell-off. As of currently technical wise we've overextended away from that 200 EMA on the 15 minute in my idea and I'd expect us to at least get some kind of pull up and regain the 200 EMA in a couple of days if we're lucky. 💥I don't have any levels down here aside from that resistance at 0.515 and 0.514 but for now look to 0.51 as that point we want to break and hopefully form support above again. I know after big moves like this the market likes to consolidate and trade sideways a bit searching for the next move which will likely use the news as the next catalyst for whichever move/direction we may move. That or just whale activity. It's not easy being in a market like this but at least we know it's got it's good and bad days and we just have to face them best we can ourselves and not give up. 💥 I'm leaving the idea here for now but again watch 0.50-0.505 for support and 0.51 for that resistance with my other levels above forming resistance if we climb back up to them which will likely happen at one point or another. That's all for today, have a great day and remember, keep faith and never let something small ruin something way bigger. Always do your due diligence and stay persistent. And thanks for tuning in, you already know your free to leave a like or follow and if not, that works too, just keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥 XRP QUICK TUNE IN! 🔥🔥 As the title infers, this is simply a quick tune in, but thanks nonetheless for joining in real quick ladies and gentlemen, this won't take long. 🔥 Following up from yesterday's idea we can see the retracement that has followed that big rise up we had after the Grayscale lawsuit win against the SEC allowing for grayscale to file and apply for a Bitcoin ETF once again following the SEC's original rejection without much clarification or reason for the denial in the first place giving a much needed boost in sentiment. 🔥 I've highlighted our descending channel on the 15 minute local using those two black diagonal lines and thankfully we did exit from that and regain the 200 EMA but now it's up to buyers to keep the pressure strong so that we can continue to hold onto the 200 EMA and hopefully form higher ground but regardless it's good to see us again get away from that 0.50 and 0.51 mark after much sideways trading providing some good sentiment in a market that seemed to be losing it quick. 🔥 0.52345 or 0.524 for short is our support point, fall below that and look to my next levels at 0.52 and 0.515 for support if it comes down to that. Resistance wise 0.53is our main battle right now being that was our last point of support before falling below as signified at the 06:00 mark so keep note of that and I'll be curious to see if we start trending and form another consolidation channel or get some more volatility. 🔥 Definitely curious to see how things play out but regardless it's been nice to see the market keeping to the horizontal levels and keeping true, again none of the horizontal levels aside from the short annotation at 0.524 are new, they are old and continue to prove well and do the job of forming support and resistance points to feel free to add if you haven't already. 🔥 Said the idea would be short so that's it for today, wanted to get something quick out while I had a few minutes to stop by but hope you guys are doing well as always and appreciate you all tuning in, you already know, feel free to leave any likes or follows as they would help me a lot and if not that's fine too, just have a good day and take care, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1